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Financial Regulatory Reform

Eleazar David Melendez

Market Regulator Considers Watering Down Rules Meant To Prevent Another Collapse | Eleazar David Melendez | Posted 03.01.2013 | Business

The federal regulator overseeing trading in derivatives -- an opaque realm worth hundreds of trillions of dollars at the center of the global financia...

Government Power in the Balance

D. Robert Worley | Posted 11.29.2012 | Politics
D. Robert Worley

When in office, Wilson carried out a policy blend of trust-busting and regulation and signed the Clayton Act (1914) strengthening anti-trust law. But what does all of this have to do with today?

Obama Reportedly Sees Executive Pay Rules As Next Financial Reform

Reuters | Posted 12.26.2012 | Politics

WASHINGTON, Oct 25 (Reuters) - President Barack Obama said in an interview released on Thursday that the next important step for making the U.S. fin...

It Pays To Oppose The Volcker Rule

The Huffington Post | Alexander Eichler | Posted 03.27.2012 | Business

Why haven't more lawmakers insisted on strict financial regulation? Maybe because that's not where the money is. Members of Congress who have calle...

The Fed's No Stress Stress Test

Laurence J. Kotlikoff | Posted 05.14.2012 | Business
Laurence J. Kotlikoff

Today's Wall Street Journal carried a cover story, "Stress Tests Buoy U.S. Banks." In fact, the stress tests showed exactly the opposite. Of the 19 ...

Jason Linkins

'Secret' Fed Loans Reveal Divide Between 'Wall Street Aristocracy' And Ordinary Americans | Jason Linkins | Posted 10.24.2011 | Politics

If you've not yet read the recent piece by Bradley Keoun and Phil Kuntz of Bloomberg News, "Wall Street Aristocracy Got $1.2 Trillion in Fed’s Secre...

Jason Linkins

This Day In TARP Triumphalism | Jason Linkins | Posted 10.18.2011 | Politics

It's been a while since we've heard that trumpet voluntary from the Treasury Department, signaling the sending of another press release celebrating the fact that "TARP worked!" But this week, the horns sounded.

Mitch McConnell: Slowing Down Financial Regulation Good For U.S.

NASDAQ | Corey Boles | Posted 08.22.2011 | Politics

WASHINGTON -(Dow Jones)- The senior Senate Republican voiced strong support for House Republican efforts to reduce the budgets of the primary federal ...

Jason Linkins

Jamie Dimon Worries That Financial Regulation Will Doom Banks, Forever | Jason Linkins | Posted 05.31.2011 | Business

Jamie Dimon sees "restrictions on debit card fees" as the final "nail in the coffin for big American banks." Which sounds worrying until you realize that this "nail" doesn't become dangerous until you actually have the wood for a coffin.

Jason Linkins

Time To Celebrate The Success Of TARP Again, While Ignoring The Totality Of The Taxpayer Bailout | Jason Linkins | Posted 05.25.2011 | Media

It seems it's time for this old song and dance again: Six banks repaid nearly half a billion dollars in funds they received from the government bai...

Congress and the SEC's Starvation Diet

Bevis Longstreth | Posted 05.25.2011 | Business
Bevis Longstreth

It ill serves the public welfare for a governmental entity to pretend to be protecting the public when, in fact, it cannot do so because it is so egregiously underfunded and unsupported.

Jason Linkins

This Day In Troubled Asset Relief Mythmaking | Jason Linkins | Posted 05.25.2011 | Media

Another day, another article attesting to the glorious success that was the Troubled Asset Relief Program. Today's story comes from Jim Puzzangher...

Jason Linkins

2010: The Year In Wall Street Whining To Politico About Their Hurt Feelings, Mostly Anonymously | Jason Linkins | Posted 05.25.2011 | Media

You know, the other day, when I remarked that Politico's story "another piece in a continuing series" of "Wall Street people whining," I wasn't kidding. A whole lot of times, actually.

Jason Linkins

Wall Street Execs Whine To Politico About Their Hurt Feelings | Jason Linkins | Posted 05.25.2011 | Media

Wall Street is sad, and its recent record-setting profits are no comfort. Should I begin by assuaging their fears? If we define "pro-business" as "a policy that would allow investments to be made in an actual physical business, spurring economic growth and jobs development," and not "policies that allow Wall Street to return to a regime of creating non-productive casino games based upon the amount of moneydust that can be leveraged from rubbing two ten-dollar bills together to create an ornate daisy-chain of swaps," then we are never going to issue a discouraging word!

How New Jacobins Persuade Us to Vote Against Our Interests

Martin Tolchin | Posted 05.25.2011 | Politics
Martin Tolchin

The New Jacobins have claimed the scalps of conservative members of Congress whose major crime was providing jobs and financial resources to their hard-pressed constituents.

Wall Street Ties Emerging As Major Factor In Midterm Election Fights

The Los Angeles Times | Jim Puzzanghera | Posted 05.25.2011 | Politics

As Democrats seek to focus voter attention on the nation's economic problems that existed before President Obama took over, they have begun wielding a...

Shahien Nasiripour

Elizabeth Warren To Lead Search For New Consumer Chief, Could 'Pull A Dick Cheney' | Shahien Nasiripour | Posted 05.25.2011 | Business

In addition to being charged with forming the newly-created agency dedicated to protecting consumers from abusive financial products, Elizabeth Warren...

Shahien Nasiripour

Federal Reserve's Low Rate Policy Is A 'Dangerous Gamble,' Says Top Central Bank Official | Shahien Nasiripour | Posted 05.25.2011 | Business

A top regional Federal Reserve official sharply criticized Friday the Fed's ongoing policy of keeping interest rates near zero -- and at record lows -...

Ryan Grim

Wall Street Reform Passes | Ryan Grim | Posted 05.25.2011 | Business

Nearly two years after major banks brought the global financial system to the brink of collapse, triggering a steep economic decline and crisis-levels...

Jason Linkins

Ben Nelson Denies That Buffett Influenced FinReg Vote | Jason Linkins | Posted 05.25.2011 | Politics

The financial regulatory reform bill currently wending its way through Congress incorporated a reform of the derivatives market, prompting famed inves...

Sen. Feingold & Cantwell: Stay Principled and Vote Against Weak Financial Reform Bill -- But Don't Let Republicans Filibuster

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

The Democrats' financial reform bill is weak tea that doesn't fix the problem of too big to fail megabanks or prevent the next cycle of boom, bust and bailout.

Jason Linkins

Scott Brown's Sweetheart FinReg Deal Needs A Snappy Nickname | Jason Linkins | Posted 05.25.2011 | Politics

Over at the Wonk Room, Pat Garofalo takes a moment this morning to discuss the sweetheart deal that Senator Scott Brown (R-Mass.) carved out of the fi...

New Ad Mocks Scott Brown's Truck To Limo Transition

Posted 05.25.2011 | Politics

The liberal group Americans United for Change has cut a new ad seeking to highlight the disparity between candidate Scott Brown -- a regular truck dri...

Jason Linkins

Financial Reform Filibuster: Who Blinked To End It? | Jason Linkins | Posted 05.25.2011 | Politics

Threatened with the prospect of having to spend the entire night sleeping on a cot inside the white sepulchre known as the United States Capitol, Senate Republicans have apparently assented to allowing a debate on the financial regulatory reform bill. Victory for Main Street! Unless, of course, Senate Democrats decided to back down on a strong(ish) bill so that the seeds of bipartisanship could be sown. In which case: Victory for David Broder!

Jason Linkins

Financial Reform Filibuster: GOP Takes A Beating In The Headlines | Jason Linkins | Posted 05.25.2011 | Media

Media Matters has pulled together a collage of today's front pages from across the nation, and it sure looks like Senate Republicans are taking it pre...